Foam Insulation Market Estimated to Witness a Significant Growth of USD 27,561.17 Million with CAGR of 6.2% Between 2017 and 2024

The latest report titled “Foam Insulation” by Data Bridge Market Research added to its database and brings to light the comprehensive study and factual information of Global market.

Global Foam Insulation Market is projected to reach USD 27,561.17 million by 2024 from USD 17,230.00 million in 2016, at a CAGR of 6.2% in the forecast period 2017 to 2024.

The major factors contributing to the growth of the market includes factors such as increasing research and development, greenhouse gas emissions, growth in end-use industry, increasing demand for energy-efficient equipment. On the other hand, high cost of foams may hinder the growth of the market.

The global foam insulation market is segmented on the basis of product type, end-user and geography. The report provides data for 2015 to 2024, 2016 being the current year while 2017 to 2024 is the forecast period for the report.

The global foam insulation market is segmented based on end user into four notable segments; building & construction, transportation, consumer appliances and others. The building & construction market segment is expected to dominate the market.

Based on geography, the market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and Middle East and Africa.

Top Companies Mentioned:

BASF SE is going to dominate the global foam insulation market following with SAINT-GOBAIN, The Dow Chemical Company and Covestro AG. Some of the other players are Huntsman Corporation, Kingspan Group Plc, Lapolla Industries, Inc., Owens Corning, Saint-Gobain, Recticel Group, Armacell International SA, Johns Manville, Demilec USA, Inc. and Icynene others among others.

• The global polystyrene foam market is expected to reach USD 11,125.32 million by 2024, from USD 7,326.08 million in 2016, growing at a CAGR of 5.5%.

• The building & construction is expected to dominate the foam insulation market with 48.5% market share, growing at a CAGR 5.7% in the forecast period 2017 to 2024.

About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.